REAL ESTATE FINANCIAL MODELING - COMPANION FILES
julianrsterling.com/refm

Free. No sign-up, no email address. Nothing is locked, protected or watermarked.
Revised 22 September 2026.

Optional: to get an email if these files are ever corrected, join the reader list at
https://julianrsterling-readers.subscribepage.io/
(run by MailerLite, off the site; nothing in this archive needs it).

WHAT IS IN THE ARCHIVE

1. The book's five workbooks, unchanged
   Meridian_House_Complete_Model.xlsx     Chapter 19
   Property_Model_Template.xlsx           Chapters 2 and 3, empty, for your own deal
   Practice_Cases_1-3.xlsx                Appendix C
   Model_Review_Checklist.xlsx            Appendix B, Chapters 16 and 18
   The_Page_That_Gets_Read.xlsx           Appendix F, Chapters 15 and 19
   00_START_HERE.md, 00_START_HERE_AppendixF.md

2. Working_Documents.pdf  (new)
   Eight printable pages: the Appendix B review checklist (two pages), the two-hour
   audit with the twelve usual errors, debt sizing and covenant headroom, the page
   that gets read, the development front page, the waterfall tests with the term
   sheet's silences, and the one-page summary with the ninety-minute test. A4, fits
   Letter.

3. Forty_Questions.xlsx  (new)
   Forty questions across the book, marked by the file as you type.

4. Cases/  (new)
   Case_1_Times_Four_And_The_Hurdle_That_Compounds.xlsx         Chapters 9 and 12
   Case_2_The_Scheme_On_The_Front_Page.xlsx                     Chapter 13, Appendix C
   Case_3_The_Release_Price_That_Protects_The_Wrong_Covenant.xlsx   Chapter 11
   Each case: the note on the first sheet, the model after it, checks at the end.

The files open in Excel, LibreOffice Calc, Google Sheets and Numbers. No macros.
